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Share using Email. In Sweden, casual chattiness is seen as needless, since conversation is used for exchanging real, meaningful information. Today, there are 29 national parks and many nature reserves and wildlife sanctuaries.

Sweden is the center of an effort to save the critically endangered arctic fox, which is on the brink of extinction with fewer than left in Europe. During the winter months, their fur turns from brown to white to match the snowy landscape. The northern forests are home to brown bears and wolverines , which are related to badgers and otters , not wolves. Linnaeus invented the method for naming plants and animals which is used today. Every living thing has a Latin name that is divided into two parts.

The first part gives its group, or genus, and the second part of the name gives its kind, or species. The monarch is the head of state in Sweden. There are members in the Riksdag, or Swedish parliament.

Members of parliament vote for a prime minister, who then appoints members of the cabinet. Sweden is a member of the European Union, but does not use the euro as currency. They have kept their own currency, the Swedish krona, as a way to keep their identity. Sweden prides itself on being a neutral country.

All this is reflected in its top 5 ranking for technological readiness in The Global Competitiveness Report In the wake of a financial crisis, the government sought to introduce private competition into areas previously dominated by state-controlled entities. Many public monopolies were deregulated, including taxis, electricity, telecommunications, railways, and domestic air travel services.

Other public services, including elderly care, primary and secondary education, and preschools, were outsourced to private firms. It has led one group of Swedish academics to publish a paper claiming that Sweden is now more entrepreneurial than the US. It is doing this by lowering taxes on startup stock options — a common method of compensation by new companies that want to attract the best talent but cannot compete with established companies on salaries.

Intrapreneurship thrives when there is a high level of trust, both within individual economies, and society at large. Employees are more likely to be innovative when they are trusted by their employers with a greater level of autonomy in their roles. Equally, employees are more likely to be collaborative when they trust their colleagues. The paper points out that trust among employers is more likely to be high when trust in the wider economy is high.

Global companies like Spotify, the music-streaming service; Klarna, the online-payment firm; and King, the gaming company, were all founded here. Stockholm produces the second-highest number of billion-dollar tech companies per capita, after Silicon Valley, and in Sweden overall, there are 20 start-ups—here defined as companies of any size that have been around for at most three years—per 1, employees, compared to just five in the United States, according to data from the Organization for Economic Cooperation and Development OECD.

Sweden also ranks highest in the developed world when it comes to perceptions of opportunity: Around 65 percent of Swedes aged 18 to 64 think there are good opportunities to start a firm where they live, compared to just 47 percent of Americans in that age group. Producing start-ups matters for any economy that strives for efficiency, job creation, and all-around dynamism, but it is especially relevant for countries, such as the U.

Despite the current cultural fascination with start-ups, only 8 percent of all firms in the U. In Sweden the trend is reversed: The pace of new-business creation has been accelerating since the s.

As the U. So, what has Sweden been doing right? There are several dimensions to answering that question, many of which involve changes that took place in the past 30 years. Since , Sweden has made it easier for upstarts to compete with big, established firms. Sweden used to have a heavily regulated economy in which public monopolies dominated the market, which made it difficult for such replacements to occur, but regulations have since been eased.

While Sweden was making it harder for monopolies to dominate the market, the U. To jump-start economic growth, the government deregulated industries including taxis, electricity, telecommunications, railways, and domestic air travel to increase competition, according to Persson. Deregulation helped lower prices in industries such as telecommunications, which attracted more customers.



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